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Ancient Art’s Frontier Group Holdings ULCC Stock Holding History

Ancient Art’s Portfolio ULCC Stock Details ULCC Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$11M Sell
3,122,704
-461,099
-13% -$2.11M 2.4% 13
2025
Q4 		$16.9M Sell
3,583,803
-700,000
-16% -$3.1M 3.82% 7
2025
Q3 		$18.9M Sell
4,283,803
-447,030
-9% -$2.03M 4.55% 6
2025
Q2 		$17.2M Buy
4,730,833
+200,000
+4% +$733K 5.55% 6
2025
Q1 		$19.7M Sell
4,530,833
-885,388
-16% -$6.59M 5.83% 7
2024
Q4 		$38.5M Sell
5,416,221
-2,111,500
-28% -$13.2M 8.19% 6
2024
Q3 		$40.3M Hold
7,527,721
– – 9.32% 5
2024
Q2 		$37.1M Sell
7,527,721
-19,094
-0.3% -$114K 9.51% 5
2024
Q1 		$61.2M Sell
7,546,815
-1,114,506
-13% -$7.22M 12.37% 4
2023
Q4 		$47.3M Buy
8,661,321
+700,000
+9% +$3.06M 7.89% 4
2023
Q3 		$38.5M Buy
7,961,321
+2,734,104
+52% +$20.5M 8.27% 6
2023
Q2 		$50.5M Buy
5,227,217
+868,682
+20% +$7.8M 10.71% 4
2023
Q1 		$42.9M Sell
4,358,535
-50,000
-1% -$558K 9.35% 3
2022
Q4 		$45.3M Sell
4,408,535
-346,539
-7% -$4.03M 9.58% 3
2022
Q3 		$46.1M Sell
4,755,074
-351,918
-7% -$4.32M 8.6% 4
2022
Q2 		$47.9M Buy
5,106,992
+1,046,915
+26% +$10.6M 7.36% 4
2022
Q1 		$46M Buy
4,060,077
+1,512,868
+59% +$19M 5.98% 8
2021
Q4 		$34.6M Buy
2,547,209
+2,460,815
+2,848% +$37.6M 3.89% 10
2021
Q3 		$1.36M Buy
+86,394
New +$1.33M 0.14% 20

Other funds holding ULCC

IP
Indigo Partners Phoenix, Arizona $267M AUM 9% 1-Year Est. Return
WCM
Wildcat Capital Management New York $106M AUM 0.1% 1-Year Est. Return
USGIU
U.S. Global Investors (USGI) San Antonio, Texas $858M AUM 47.1% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Marshall Wace
Marshall Wace London, United Kingdom $100B AUM 35.1% 1-Year Est. Return
SPC
Silver Point Capital Greenwich, Connecticut $1.3B AUM 18.3% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Ancient Art's ULCC Position: Q1 2026 in Review

Ancient Art reduced its Frontier Group Holdings (ULCC) stake by 13% in Q1 2026, selling an estimated $2.11M and leaving 3,122,704 shares worth $11M. The position accounts for 2.4% of the portfolio, ranked #13.

Ancient Art first reported a position in ULCC in Q3 2021 and has held it in 19 quarters since. The position peaked at $61.2M in Q1 2024. 161 funds tracked by Wall St. Rank hold ULCC as of Q1 2026.

  • Ancient Art held 3,122,704 shares of Frontier Group Holdings worth $11M as of Q1 2026.
  • Ancient Art sold 461,099 Frontier Group Holdings shares in Q1 2026, an estimated $2.11M.
  • Frontier Group Holdings made up 2.4% of Ancient Art's portfolio in Q1 2026, its #13 holding.
  • Ancient Art first reported a position in Frontier Group Holdings in Q3 2021 and has held it in 19 quarters since.
  • Ancient Art's Frontier Group Holdings position peaked at $61.2M in Q1 2024.
  • 161 funds tracked by Wall St. Rank held Frontier Group Holdings as of Q1 2026.

Based on Ancient Art's 13F filing for Q1 2026, filed 15 May 2026.